摘要: |
What is ADESA? Owned by KAR Global, we trade on the US Stock Exchange and we're highly relevant in North America, where we compete in two markets, forming a duopoly. Two or three years ago there was a focus on global expansion, and this brought about acquisitions and new business start-ups, including that of ADESA. Ourfocus is online remarketing. However, the whole market is in that space to some extent following the speed of change prompted by the COVID-19 crisis. So, how is ADESA different compared with the main market players? Our position is very much that of a disruptor. Our proposition is different in that we focus on upstream remarketing. Downstream is where you move a vehicle to a facility and get it reconditioned and prepared before it is moved on again to a buyer following a sales process. Even if you trade online you are not really availing yourself of the advantages that can be offered by upstream remarketing. In upstream remarketing a vehicle is sold before it is moved from its current keeper. It removes the need for various movements - to storage locations, reconditioning sites and auction houses, removing cost and speeding up processes. If you can remarket a vehicle faster, then you can reduce the days to sell, the stocking costs, the logistics -costs which we call 'total cost of disposal'. Our average days-to-sell is three and we also offer a total cost of sale calculator, so those cost benefits are transparent. The ability to reduce vehicle movements also reduces CO_2 emissions. |